The total capital investment of the Project is over $150 million, and there will be up to 250 people employed at the site during the height of construction activity.
Renewable energy growth is estimated at an annual average rate of 11% between 2015 and 2035, with growth in wind and solar capacity up nine-fold from seven percent of total power supply today to nearly 40% by 2040, energy consultancy Wood Mackenzie estimates.
Aramco's discussions with Reliance were "serious," one source said. Another source said talks with Reliance were so far for a 25% stake worth up to $15 billion.
Investors have not paid enough attention to the oil and gas sector, Corvex Management manager Keith Meister said.
Australian oil and gas producer Senex Energy Ltd. (ASX: SXY) will start its Surat Basin natural gas drilling program next month after contracting oil and gas services provider Easternwell. Senex is a supplier of gas to Australia's east coast gas market.
The funding program stems from the findings of an interagency task force established in April 2017 to identify regulatory and policy changes to support agriculture in rural communities.
Norway’s energy giant Equinor sees good potential for building floating offshore wind parks in Greece as long as the country adopts a regulatory framework for the technology.
Renvico, founded in 2015 when Macquarie bought the green energy business of Italy's Sorgenia Group, manages wind farms in Italy and France with a total capacity of around 334 megawatts.
Royalty owners mock reserve replacement ‘hamster wheel;’ alternative investments float to the top as producers struggle toward free cash.
Concho Resources agreed to form a JV with Frontier Midstream Solutions, which will build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin.
